June 9, 2008
All over the United States, banks are foreclosing on nice homes. These homes are sitting empty.
It's great for squatters. It's great for drug dealers. It's not great for anyone else.
It would be great for buyers, but the banks are still playing hardball. They are not cutting prices. Result: empty foreclosed homes. Tens of thousands of them.
This creates an entrepreneurial opportunity. I plan to take advantage of it.
I will be moving this summer. I think housing has another 25% to fall over the next two years. So, I don't want to buy. I want to rent. But I don't intend to pay outrageous rents -- like $50 to $100 a month. Not me. Not now.
I figure $1 is sufficient. That will establish me as a legal renter. To buy fire insurance, a bank has to have a renter occupy the house. I'm ready to help!
If you want more information on my strategy, click here:
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